How much will it cost and what do you need to save?
| Estimated Annual Cost in 2041 | $10,913 |
| Monthly savings required | $48 |
How much will it cost to send your child to Ivy Tech Community College Northwest in 18 years and how much do you need to save? A 2 year degree is estimated to be priced at $21,826.11 for students enrolling in 2041 if tuition increases average 5% per year until then. Assuming you have no current college savings, monthly deposits of $48.50 into a 529 or other college savings plan earning and after tax or tax exempt return of 7% will be necessary to achieve this balance.
| Current Annual Cost | $4,424.00 |
| Years until enrollment | 18 |
| Annual Tuition Increase | 5% |
| Current Savings | $0.00 |
| After Tax Return on Savings | 7% |
| Years of enrollment | 2 |
Discover how much will you need to start saving now to afford Ivy Tech Community College Northwest in the future.
| Month | Begin | Deposit | Withdraw | Interest | End |
|---|---|---|---|---|---|
| 1 | $0.00 | $48.50 | $0.00 | $0.00 | $48.50 |
| 2 | $48.50 | $48.50 | $0.00 | $0.27 | $97.27 |
| 3 | $97.27 | $48.50 | $0.00 | $0.55 | $146.32 |
| 4 | $146.32 | $48.50 | $0.00 | $0.83 | $195.65 |
| 5 | $195.65 | $48.50 | $0.00 | $1.11 | $245.26 |
| 6 | $245.26 | $48.50 | $0.00 | $1.39 | $295.15 |
| 7 | $295.15 | $48.50 | $0.00 | $1.67 | $345.32 |
| 8 | $345.32 | $48.50 | $0.00 | $1.95 | $395.77 |
| 9 | $395.77 | $48.50 | $0.00 | $2.24 | $446.51 |
| 10 | $446.51 | $48.50 | $0.00 | $2.52 | $497.53 |
| 11 | $497.53 | $48.50 | $0.00 | $2.81 | $548.84 |
| 12 | $548.84 | $48.50 | $0.00 | $3.10 | $600.44 |
| 13 | $600.44 | $48.50 | $0.00 | $3.39 | $652.33 |
| 14 | $652.33 | $48.50 | $0.00 | $3.69 | $704.52 |
| 15 | $704.52 | $48.50 | $0.00 | $3.98 | $757.00 |
| 16 | $757.00 | $48.50 | $0.00 | $4.28 | $809.78 |
| 17 | $809.78 | $48.50 | $0.00 | $4.58 | $862.86 |
| 18 | $862.86 | $48.50 | $0.00 | $4.88 | $916.24 |
| 19 | $916.24 | $48.50 | $0.00 | $5.18 | $969.92 |
| 20 | $969.92 | $48.50 | $0.00 | $5.48 | $1,023.90 |
| 21 | $1,023.90 | $48.50 | $0.00 | $5.79 | $1,078.19 |
| 22 | $1,078.19 | $48.50 | $0.00 | $6.10 | $1,132.79 |
| 23 | $1,132.79 | $48.50 | $0.00 | $6.40 | $1,187.69 |
| 24 | $1,187.69 | $48.50 | $0.00 | $6.72 | $1,242.91 |
| 25 | $1,242.91 | $48.50 | $0.00 | $7.03 | $1,298.44 |
| 26 | $1,298.44 | $48.50 | $0.00 | $7.34 | $1,354.28 |
| 27 | $1,354.28 | $48.50 | $0.00 | $7.66 | $1,410.44 |
| 28 | $1,410.44 | $48.50 | $0.00 | $7.97 | $1,466.91 |
| 29 | $1,466.91 | $48.50 | $0.00 | $8.29 | $1,523.70 |
| 30 | $1,523.70 | $48.50 | $0.00 | $8.62 | $1,580.82 |
| 31 | $1,580.82 | $48.50 | $0.00 | $8.94 | $1,638.26 |
| 32 | $1,638.26 | $48.50 | $0.00 | $9.26 | $1,696.02 |
| 33 | $1,696.02 | $48.50 | $0.00 | $9.59 | $1,754.11 |
| 34 | $1,754.11 | $48.50 | $0.00 | $9.92 | $1,812.53 |
| 35 | $1,812.53 | $48.50 | $0.00 | $10.25 | $1,871.28 |
| 36 | $1,871.28 | $48.50 | $0.00 | $10.58 | $1,930.36 |
| 37 | $1,930.36 | $48.50 | $0.00 | $10.91 | $1,989.77 |
| 38 | $1,989.77 | $48.50 | $0.00 | $11.25 | $2,049.52 |
| 39 | $2,049.52 | $48.50 | $0.00 | $11.59 | $2,109.61 |
| 40 | $2,109.61 | $48.50 | $0.00 | $11.93 | $2,170.04 |
| 41 | $2,170.04 | $48.50 | $0.00 | $12.27 | $2,230.81 |
| 42 | $2,230.81 | $48.50 | $0.00 | $12.61 | $2,291.92 |
| 43 | $2,291.92 | $48.50 | $0.00 | $12.96 | $2,353.38 |
| 44 | $2,353.38 | $48.50 | $0.00 | $13.31 | $2,415.19 |
| 45 | $2,415.19 | $48.50 | $0.00 | $13.66 | $2,477.35 |
| 46 | $2,477.35 | $48.50 | $0.00 | $14.01 | $2,539.86 |
| 47 | $2,539.86 | $48.50 | $0.00 | $14.36 | $2,602.72 |
| 48 | $2,602.72 | $48.50 | $0.00 | $14.72 | $2,665.94 |
| 49 | $2,665.94 | $48.50 | $0.00 | $15.07 | $2,729.51 |
| 50 | $2,729.51 | $48.50 | $0.00 | $15.43 | $2,793.44 |
| 51 | $2,793.44 | $48.50 | $0.00 | $15.79 | $2,857.73 |
| 52 | $2,857.73 | $48.50 | $0.00 | $16.16 | $2,922.39 |
| 53 | $2,922.39 | $48.50 | $0.00 | $16.52 | $2,987.41 |
| 54 | $2,987.41 | $48.50 | $0.00 | $16.89 | $3,052.80 |
| 55 | $3,052.80 | $48.50 | $0.00 | $17.26 | $3,118.56 |
| 56 | $3,118.56 | $48.50 | $0.00 | $17.63 | $3,184.69 |
| 57 | $3,184.69 | $48.50 | $0.00 | $18.01 | $3,251.20 |
| 58 | $3,251.20 | $48.50 | $0.00 | $18.38 | $3,318.08 |
| 59 | $3,318.08 | $48.50 | $0.00 | $18.76 | $3,385.34 |
| 60 | $3,385.34 | $48.50 | $0.00 | $19.14 | $3,452.98 |
| 61 | $3,452.98 | $48.50 | $0.00 | $19.52 | $3,521.00 |
| 62 | $3,521.00 | $48.50 | $0.00 | $19.91 | $3,589.41 |
| 63 | $3,589.41 | $48.50 | $0.00 | $20.30 | $3,658.21 |
| 64 | $3,658.21 | $48.50 | $0.00 | $20.68 | $3,727.39 |
| 65 | $3,727.39 | $48.50 | $0.00 | $21.08 | $3,796.97 |
| 66 | $3,796.97 | $48.50 | $0.00 | $21.47 | $3,866.94 |
| 67 | $3,866.94 | $48.50 | $0.00 | $21.86 | $3,937.30 |
| 68 | $3,937.30 | $48.50 | $0.00 | $22.26 | $4,008.06 |
| 69 | $4,008.06 | $48.50 | $0.00 | $22.66 | $4,079.22 |
| 70 | $4,079.22 | $48.50 | $0.00 | $23.06 | $4,150.78 |
| 71 | $4,150.78 | $48.50 | $0.00 | $23.47 | $4,222.75 |
| 72 | $4,222.75 | $48.50 | $0.00 | $23.88 | $4,295.13 |
| 73 | $4,295.13 | $48.50 | $0.00 | $24.29 | $4,367.92 |
| 74 | $4,367.92 | $48.50 | $0.00 | $24.70 | $4,441.12 |
| 75 | $4,441.12 | $48.50 | $0.00 | $25.11 | $4,514.73 |
| 76 | $4,514.73 | $48.50 | $0.00 | $25.53 | $4,588.76 |
| 77 | $4,588.76 | $48.50 | $0.00 | $25.95 | $4,663.21 |
| 78 | $4,663.21 | $48.50 | $0.00 | $26.37 | $4,738.08 |
| 79 | $4,738.08 | $48.50 | $0.00 | $26.79 | $4,813.37 |
| 80 | $4,813.37 | $48.50 | $0.00 | $27.22 | $4,889.09 |
| 81 | $4,889.09 | $48.50 | $0.00 | $27.64 | $4,965.23 |
| 82 | $4,965.23 | $48.50 | $0.00 | $28.07 | $5,041.80 |
| 83 | $5,041.80 | $48.50 | $0.00 | $28.51 | $5,118.81 |
| 84 | $5,118.81 | $48.50 | $0.00 | $28.94 | $5,196.25 |
| 85 | $5,196.25 | $48.50 | $0.00 | $29.38 | $5,274.13 |
| 86 | $5,274.13 | $48.50 | $0.00 | $29.82 | $5,352.45 |
| 87 | $5,352.45 | $48.50 | $0.00 | $30.26 | $5,431.21 |
| 88 | $5,431.21 | $48.50 | $0.00 | $30.71 | $5,510.42 |
| 89 | $5,510.42 | $48.50 | $0.00 | $31.16 | $5,590.08 |
| 90 | $5,590.08 | $48.50 | $0.00 | $31.61 | $5,670.19 |
| 91 | $5,670.19 | $48.50 | $0.00 | $32.06 | $5,750.75 |
| 92 | $5,750.75 | $48.50 | $0.00 | $32.52 | $5,831.77 |
| 93 | $5,831.77 | $48.50 | $0.00 | $32.97 | $5,913.24 |
| 94 | $5,913.24 | $48.50 | $0.00 | $33.43 | $5,995.17 |
| 95 | $5,995.17 | $48.50 | $0.00 | $33.90 | $6,077.57 |
| 96 | $6,077.57 | $48.50 | $0.00 | $34.36 | $6,160.43 |
| 97 | $6,160.43 | $48.50 | $0.00 | $34.83 | $6,243.76 |
| 98 | $6,243.76 | $48.50 | $0.00 | $35.30 | $6,327.56 |
| 99 | $6,327.56 | $48.50 | $0.00 | $35.78 | $6,411.84 |
| 100 | $6,411.84 | $48.50 | $0.00 | $36.25 | $6,496.59 |
| 101 | $6,496.59 | $48.50 | $0.00 | $36.73 | $6,581.82 |
| 102 | $6,581.82 | $48.50 | $0.00 | $37.21 | $6,667.53 |
| 103 | $6,667.53 | $48.50 | $0.00 | $37.70 | $6,753.73 |
| 104 | $6,753.73 | $48.50 | $0.00 | $38.19 | $6,840.42 |
| 105 | $6,840.42 | $48.50 | $0.00 | $38.68 | $6,927.60 |
| 106 | $6,927.60 | $48.50 | $0.00 | $39.17 | $7,015.27 |
| 107 | $7,015.27 | $48.50 | $0.00 | $39.67 | $7,103.44 |
| 108 | $7,103.44 | $48.50 | $0.00 | $40.16 | $7,192.10 |
| 109 | $7,192.10 | $48.50 | $0.00 | $40.67 | $7,281.27 |
| 110 | $7,281.27 | $48.50 | $0.00 | $41.17 | $7,370.94 |
| 111 | $7,370.94 | $48.50 | $0.00 | $41.68 | $7,461.12 |
| 112 | $7,461.12 | $48.50 | $0.00 | $42.19 | $7,551.81 |
| 113 | $7,551.81 | $48.50 | $0.00 | $42.70 | $7,643.01 |
| 114 | $7,643.01 | $48.50 | $0.00 | $43.21 | $7,734.72 |
| 115 | $7,734.72 | $48.50 | $0.00 | $43.73 | $7,826.95 |
| 116 | $7,826.95 | $48.50 | $0.00 | $44.25 | $7,919.70 |
| 117 | $7,919.70 | $48.50 | $0.00 | $44.78 | $8,012.98 |
| 118 | $8,012.98 | $48.50 | $0.00 | $45.31 | $8,106.79 |
| 119 | $8,106.79 | $48.50 | $0.00 | $45.84 | $8,201.13 |
| 120 | $8,201.13 | $48.50 | $0.00 | $46.37 | $8,296.00 |
| 121 | $8,296.00 | $48.50 | $0.00 | $46.91 | $8,391.41 |
| 122 | $8,391.41 | $48.50 | $0.00 | $47.45 | $8,487.36 |
| 123 | $8,487.36 | $48.50 | $0.00 | $47.99 | $8,583.85 |
| 124 | $8,583.85 | $48.50 | $0.00 | $48.53 | $8,680.88 |
| 125 | $8,680.88 | $48.50 | $0.00 | $49.08 | $8,778.46 |
| 126 | $8,778.46 | $48.50 | $0.00 | $49.63 | $8,876.59 |
| 127 | $8,876.59 | $48.50 | $0.00 | $50.19 | $8,975.28 |
| 128 | $8,975.28 | $48.50 | $0.00 | $50.75 | $9,074.53 |
| 129 | $9,074.53 | $48.50 | $0.00 | $51.31 | $9,174.34 |
| 130 | $9,174.34 | $48.50 | $0.00 | $51.87 | $9,274.71 |
| 131 | $9,274.71 | $48.50 | $0.00 | $52.44 | $9,375.65 |
| 132 | $9,375.65 | $48.50 | $0.00 | $53.01 | $9,477.16 |
| 133 | $9,477.16 | $48.50 | $0.00 | $53.59 | $9,579.25 |
| 134 | $9,579.25 | $48.50 | $0.00 | $54.16 | $9,681.91 |
| 135 | $9,681.91 | $48.50 | $0.00 | $54.74 | $9,785.15 |
| 136 | $9,785.15 | $48.50 | $0.00 | $55.33 | $9,888.98 |
| 137 | $9,888.98 | $48.50 | $0.00 | $55.91 | $9,993.39 |
| 138 | $9,993.39 | $48.50 | $0.00 | $56.50 | $10,098.39 |
| 139 | $10,098.39 | $48.50 | $0.00 | $57.10 | $10,203.99 |
| 140 | $10,203.99 | $48.50 | $0.00 | $57.69 | $10,310.18 |
| 141 | $10,310.18 | $48.50 | $0.00 | $58.30 | $10,416.98 |
| 142 | $10,416.98 | $48.50 | $0.00 | $58.90 | $10,524.38 |
| 143 | $10,524.38 | $48.50 | $0.00 | $59.51 | $10,632.39 |
| 144 | $10,632.39 | $48.50 | $0.00 | $60.12 | $10,741.01 |
| 145 | $10,741.01 | $48.50 | $0.00 | $60.73 | $10,850.24 |
| 146 | $10,850.24 | $48.50 | $0.00 | $61.35 | $10,960.09 |
| 147 | $10,960.09 | $48.50 | $0.00 | $61.97 | $11,070.56 |
| 148 | $11,070.56 | $48.50 | $0.00 | $62.59 | $11,181.65 |
| 149 | $11,181.65 | $48.50 | $0.00 | $63.22 | $11,293.37 |
| 150 | $11,293.37 | $48.50 | $0.00 | $63.85 | $11,405.72 |
| 151 | $11,405.72 | $48.50 | $0.00 | $64.49 | $11,518.71 |
| 152 | $11,518.71 | $48.50 | $0.00 | $65.13 | $11,632.34 |
| 153 | $11,632.34 | $48.50 | $0.00 | $65.77 | $11,746.61 |
| 154 | $11,746.61 | $48.50 | $0.00 | $66.42 | $11,861.53 |
| 155 | $11,861.53 | $48.50 | $0.00 | $67.07 | $11,977.10 |
| 156 | $11,977.10 | $48.50 | $0.00 | $67.72 | $12,093.32 |
| 157 | $12,093.32 | $48.50 | $0.00 | $68.38 | $12,210.20 |
| 158 | $12,210.20 | $48.50 | $0.00 | $69.04 | $12,327.74 |
| 159 | $12,327.74 | $48.50 | $0.00 | $69.70 | $12,445.94 |
| 160 | $12,445.94 | $48.50 | $0.00 | $70.37 | $12,564.81 |
| 161 | $12,564.81 | $48.50 | $0.00 | $71.04 | $12,684.35 |
| 162 | $12,684.35 | $48.50 | $0.00 | $71.72 | $12,804.57 |
| 163 | $12,804.57 | $48.50 | $0.00 | $72.40 | $12,925.47 |
| 164 | $12,925.47 | $48.50 | $0.00 | $73.08 | $13,047.05 |
| 165 | $13,047.05 | $48.50 | $0.00 | $73.77 | $13,169.32 |
| 166 | $13,169.32 | $48.50 | $0.00 | $74.46 | $13,292.28 |
| 167 | $13,292.28 | $48.50 | $0.00 | $75.16 | $13,415.94 |
| 168 | $13,415.94 | $48.50 | $0.00 | $75.86 | $13,540.30 |
| 169 | $13,540.30 | $48.50 | $0.00 | $76.56 | $13,665.36 |
| 170 | $13,665.36 | $48.50 | $0.00 | $77.27 | $13,791.13 |
| 171 | $13,791.13 | $48.50 | $0.00 | $77.98 | $13,917.61 |
| 172 | $13,917.61 | $48.50 | $0.00 | $78.69 | $14,044.80 |
| 173 | $14,044.80 | $48.50 | $0.00 | $79.41 | $14,172.71 |
| 174 | $14,172.71 | $48.50 | $0.00 | $80.13 | $14,301.34 |
| 175 | $14,301.34 | $48.50 | $0.00 | $80.86 | $14,430.70 |
| 176 | $14,430.70 | $48.50 | $0.00 | $81.59 | $14,560.79 |
| 177 | $14,560.79 | $48.50 | $0.00 | $82.33 | $14,691.62 |
| 178 | $14,691.62 | $48.50 | $0.00 | $83.07 | $14,823.19 |
| 179 | $14,823.19 | $48.50 | $0.00 | $83.81 | $14,955.50 |
| 180 | $14,955.50 | $48.50 | $0.00 | $84.56 | $15,088.56 |
| 181 | $15,088.56 | $48.50 | $0.00 | $85.31 | $15,222.37 |
| 182 | $15,222.37 | $48.50 | $0.00 | $86.07 | $15,356.94 |
| 183 | $15,356.94 | $48.50 | $0.00 | $86.83 | $15,492.27 |
| 184 | $15,492.27 | $48.50 | $0.00 | $87.60 | $15,628.37 |
| 185 | $15,628.37 | $48.50 | $0.00 | $88.37 | $15,765.24 |
| 186 | $15,765.24 | $48.50 | $0.00 | $89.14 | $15,902.88 |
| 187 | $15,902.88 | $48.50 | $0.00 | $89.92 | $16,041.30 |
| 188 | $16,041.30 | $48.50 | $0.00 | $90.70 | $16,180.50 |
| 189 | $16,180.50 | $48.50 | $0.00 | $91.49 | $16,320.49 |
| 190 | $16,320.49 | $48.50 | $0.00 | $92.28 | $16,461.27 |
| 191 | $16,461.27 | $48.50 | $0.00 | $93.07 | $16,602.84 |
| 192 | $16,602.84 | $48.50 | $0.00 | $93.87 | $16,745.21 |
| 193 | $16,745.21 | $48.50 | $0.00 | $94.68 | $16,888.39 |
| 194 | $16,888.39 | $48.50 | $0.00 | $95.49 | $17,032.38 |
| 195 | $17,032.38 | $48.50 | $0.00 | $96.30 | $17,177.18 |
| 196 | $17,177.18 | $48.50 | $0.00 | $97.12 | $17,322.80 |
| 197 | $17,322.80 | $48.50 | $0.00 | $97.95 | $17,469.25 |
| 198 | $17,469.25 | $48.50 | $0.00 | $98.77 | $17,616.52 |
| 199 | $17,616.52 | $48.50 | $0.00 | $99.61 | $17,764.63 |
| 200 | $17,764.63 | $48.50 | $0.00 | $100.44 | $17,913.57 |
| 201 | $17,913.57 | $48.50 | $0.00 | $101.29 | $18,063.36 |
| 202 | $18,063.36 | $48.50 | $0.00 | $102.13 | $18,213.99 |
| 203 | $18,213.99 | $48.50 | $0.00 | $102.98 | $18,365.47 |
| 204 | $18,365.47 | $48.50 | $0.00 | $103.84 | $18,517.81 |
| 205 | $18,517.81 | $48.50 | $0.00 | $104.70 | $18,671.01 |
| 206 | $18,671.01 | $48.50 | $0.00 | $105.57 | $18,825.08 |
| 207 | $18,825.08 | $48.50 | $0.00 | $106.44 | $18,980.02 |
| 208 | $18,980.02 | $48.50 | $0.00 | $107.32 | $19,135.84 |
| 209 | $19,135.84 | $48.50 | $0.00 | $108.20 | $19,292.54 |
| 210 | $19,292.54 | $48.50 | $0.00 | $109.08 | $19,450.12 |
| 211 | $19,450.12 | $48.50 | $0.00 | $109.97 | $19,608.59 |
| 212 | $19,608.59 | $48.50 | $0.00 | $110.87 | $19,767.96 |
| 213 | $19,767.96 | $48.50 | $0.00 | $111.77 | $19,928.23 |
| 214 | $19,928.23 | $48.50 | $0.00 | $112.68 | $20,089.41 |
| 215 | $20,089.41 | $48.50 | $0.00 | $113.59 | $20,251.50 |
| 216 | $20,251.50 | $48.50 | $0.00 | $114.50 | $20,414.50 |
| 217 | $20,414.50 | $48.50 | $10,646.88 | $115.43 | $9,931.55 |
| 218 | $9,931.55 | $48.50 | $0.00 | $56.15 | $10,036.20 |
| 219 | $10,036.20 | $48.50 | $0.00 | $56.75 | $10,141.45 |
| 220 | $10,141.45 | $48.50 | $0.00 | $57.34 | $10,247.29 |
| 221 | $10,247.29 | $48.50 | $0.00 | $57.94 | $10,353.73 |
| 222 | $10,353.73 | $48.50 | $0.00 | $58.54 | $10,460.77 |
| 223 | $10,460.77 | $48.50 | $0.00 | $59.15 | $10,568.42 |
| 224 | $10,568.42 | $48.50 | $0.00 | $59.76 | $10,676.68 |
| 225 | $10,676.68 | $48.50 | $0.00 | $60.37 | $10,785.55 |
| 226 | $10,785.55 | $48.50 | $0.00 | $60.98 | $10,895.03 |
| 227 | $10,895.03 | $48.50 | $0.00 | $61.60 | $11,005.13 |
| 228 | $11,005.13 | $48.50 | $0.00 | $62.22 | $11,115.85 |
| 229 | $11,115.85 | $0.00 | $11,179.23 | $62.85 | ($0.53) |